When does the Investment Club Meet?

• Every Wednesday 1-2 PM @ Harriman 137 (Join our mailing list for updates)​​

How do I join the mailing list?

• Attend a GBM and fill out the attendance or join us on SBEngaged!

Where can I find past GBM presentations?

• Resources > Past Presentations​

What are Money Markets, and what is the Eurocurrency Market?

• ​The Money Market refers to trading in very short-term debt investments. At the wholesale level, it involves large-volume trades between institutions and traders. At the retail level, it includes money market mutual funds bought by individual investors and money market accounts opened by bank customers.

• The Eurocurrency Market is the money market for currency outside of the country where it is legal tender. The eurocurrency market is utilized by banks, multinational corporations, mutual funds, and hedge funds.

Can International Students invest in stocks?

• ​The answer is yes. The United States is one of the few countries that’s very friendly to foreign investors investing directly in the stock markets and the U.S also has one of the largest stock markets. A lot of foreign companies come to list on the U.S markets. So really, even if you were not in the U.S, even if you were just live in your home country and you want to open a U.S brokerage account, you can actually do it.

What is the difference between a Mutual Fund and an ETF?

• ​Mutual funds are investments that pool your money together with other investors to purchase shares of a collection of stocks, bonds, or other securities, referred to as a portfolio, that might be difficult to recreate on your own. Mutual funds are typically overseen by a portfolio manager.

• An exchange-traded fund (ETF) is a type of security that involves a collection of securities—such as stocks—that often tracks an underlying index, although they can invest in any number of industry sectors or use various strategies. ETFs are in many ways similar to mutual funds; however, they are listed on exchanges, and ETF shares trade throughout the day just like an ordinary stock.

When should you get a credit card and how do you build credit?

• ​The best time to get a credit card is right when you turn 18 or around that age. College or shortly after graduation is a great time to start with a student credit card, as long as you have the required income to repay your purchases.

• Make 100% of your payments on time, not only with credit accounts but also with other accounts, such as utility bills. Bills that go unpaid may be sold to a collection agency, which will seriously hurt your credit.

• If you use credit cards, keep your credit utilization low — utilization is the percentage of your credit limit you use.

• Avoid applying for multiple credit accounts close together; applications for credit can cause a small, temporary drop in your score. Multiple applications can cause significant damage.

• Keep credit card accounts open. Unless you have a compelling reason to close an account, consider keeping it open.  Closing an account can hurt your credit utilization and reduce your average account age.

How do you open a Certificate of Deposit (CD)?​​​

1. ​Find an insured financial institution. The Federal Deposit Insurance Corporation (FDIC) and National Credit Union Administration (NCUA) insure banks and credit unions, respectively.

2. Pick a type of CD. A certificate of deposit isn’t necessarily one-size-fits-all, and there are many different types of CDs to choose from.

3. Choose your term. When you open a certificate of deposit, one of the first things you’ll need to choose is the length of your term. The longer the term length, which means the longer you commit to keeping your money in the account, the higher the interest rate you’ll earn.

4. Decide how often you want to collect your interest payments. With your payout, you’ve got options: You may be able to receive your interest as a monthly payment or once annually. You can also reinvest the interest payments into the CD to earn compounding returns. Once the CD’s term ends, you’ll get your initial deposit back, along with your final interest payment.

5. Create your account. Unless you already have one, you’ll need to create a new account with the issuing bank or credit union to open a certificate of deposit.

6. Fund the CD. You’ll also need to choose a funding source for your new CD account, such as an online or phone transfer, or mailing a check.